The report enumerates the Fuel Cell Market share held by the major players of the industry and delivers a full view of the competitive landscape. This market is categorized into different segments with the comprehensive analysis of each with respect to the geography for the study period. Based on the historical study and estimates future prospects based on in-depth research, this report briefly provides the market trends, size, growth, and estimation for the period 2018-2025.
Fuel cells transform chemical energy with the mean of electromechanical reaction into electrical energy. These cells use variety of fuels such as hydrogen, methanol, biogas, natural gas, and hydrocarbons to generate electricity. In such cells, hydrogen along with oxygen is used as the basic fuels. These fuel cells generate electricity with zero or limited emission as pollution. They are alternative technology option to conventional internal combustion engine generators or batteries. They offer more density than batteries and are on an average of 400% in performance.
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Deriving from the components used and type of reaction taking place within the cell, the fuel cells can be segmented as polymer/proton exchange membrane (PEM), direct methanol fuel cell (DMFC), phosphoric acid fuel cell (PAFC), solid oxide fuel cell (SOFC), molten carbonate fuel cell (MCFC), alkaline fuel cells, reversible fuel cells and many more. The fuel cell market can be bifurcated based on stationary, portable and transportation fuel cell product forms.
Geographically, the market is segmented as North America, Europe, Asia Pacific, Latin America and MEA region. North America and Europe are the major market and have major players involved in R&D of fuel cells. Some key players in the fuel cell industry are Ballard, Ceramic Fuel Cell, FuelCell Energy, Hydrogenics, Plug Power, Ensol Systems Inc., Boeing, Honda, Toyota and many others.
Demand for clean energy, shift towards renewable energy, increasing awareness and demand for zero emission energy sources are driving the fuel cells global market. High cost of catalyst and commercialization of these cells are barriers in the growth of the industry.
Table Of Contents – Overview
4.Fuel Cells Market Analysis By Types
5.Fuel Cells Market Analysis By Product Forms
6.Fuel Cells Market Analysis By Applications
7.Fuel Cells Market Analysis By Region
8.Competitive Landscape Of Fuel Cells Companies
9.Company Profiles Of Fuel Cells
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